03256ntm a22005297i 4500 000716127 CZ-PrVSE 20240615111821.0 m d cr n|||||||||| 240615s2024 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Růžička, Marek ISIS:162857 dis The effect of quantitative easing on the asset correlation structure of the market eng The Effect of Quantitative Easing on the Asset Correlation Structure of the Market / Marek Růžička 2024 ?? stran : digital, PDF soubor Vedoucí práce: Karel Brůna Bakalářská práce (Bc.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2024 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2024 This study investigates the influence of quantitative easing on the correlation structure of three assets in the US markets within the framework of Modern portfolio Theory. The research aims to determine if QE policies employed in the US market have influenced the interrelationships among these assets. Beginning with an overview of Modern Portfolio Theory, emphasizing the importance of diversification, the study examines the asset correlation calculations and provides a concise insight into the relationships between macroeconomic variables and asset returns. It then discusses the transmission mechanisms through which QE shapes the economy. The empirical analysis utilizes comprehensive dataset from American financial markets, employing statistical techniques to assess changes in asset correlations during QE periods. Contrary to initial hypothesis, findings indicate that QE did not have significant impact on the stock-corporate bond and stock-gold correlation. These findings suggest that other factors may play a more prominent role in determining asset correlations during QE periods. Future research should focus on identifying these factors and exploring their implications for market stability. Způsob přístupu: Internet finance [obor bakal. práce] bakalářské práce fd132403 czenas bachelor's theses eczenas correlation Modern Portfolio Theory OLS quantitative easing yield Central banks Brůna, Karel, 1973- mzk2009543943 ths Tesařová, Žaneta ISIS:101643 opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/87872/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/87872 Hlavní práce https://insis.vse.cz/zp/87872/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/87872/posudek/oponent/82588 Oponentura https://insis.vse.cz/zp/87872/podrobnosti dc:identifier NEPOSILAT VSKP vse87872 240612 87872